Over the last year, property investments in Calamvale, 4116 have given investors a capital gain of 9.52%. This compares very favourably with the 2.22% for QLD as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Calamvale has increased when compared to the 5 year average annual rate.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.23% offered to property buyers. Sellers in Calamvale itself are offering an average vendor discount of -5.11% to real estate investors.
Property investors should expect to get $470 weekly from the median priced house in this suburb.
At number 802th in the list of Australian suburbs ordered by increase in median house value over the last year, Calamvale, 4116 is in the top half with a property value increase of 4.09% recorded in median house prices.
Calamvale,4116 was ranked 693 in Australia by increase in median property value over the quarter.
Calamvale, 4116 is offering QLD ‘s 297th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this QLD.
At number 350 in a list of fastest selling suburbs, Calamvale is in the TOP 30% of suburbs in Australia with an average of days on market 54.8 for properties listed there.
A $385 per week rent on the median house gives suburb investors a gross yield of circa 5.00%, without taking into account capital value appreciation, which has been averaging out at 6.11%.
Calamvale is a big suburb and the most populated in the greater Brisbane area, yet it is also renowned for being quiet, peaceful and family-friendly.Full summary
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Calamvale is a big suburb and the most populated in the greater Brisbane area, yet it is also renowned for being quiet, peaceful and family-friendly.
Transport options to the city (18km away) are convenient thanks to the Logan Motorway, regular buses and the nearby train stations.
Current demand for the area is indicated by the fact that houses typically spend just 44 days on the market, which is a much quicker turnover than many suburbs nearby.
The vacancy rate is also a tight 1.51%, according to Real Estate Investar.
This demand is already translating into capital growth, as the median price of houses has grown by 6% in the past 12 months.
Three- or four-bedroom houses on Bowerbird Pl and Fig Tree St are located on cul-de-sacs which are a sought-after part of Calamvale.
They are very close to shops, schools and public transport to the city.
They can be bought there for less than $520,000.
Top amenities: Calamvale Marketplace, Stretton College, Sunnybank Hills Shopping Centre, Sunnybank Primary, Calamvale Community College, easy access to Gateway and Logan motorways, Grand Plaza Cinemas and shopping centre, Runcorn Heights Primary
Public transport: Multiple bus routes, Altandi, & Runcorn train stations.
Main arteries: Very well established car, bus and rail transport infrastructure including the existing Logan motorway, offering ready access to both the Gateway motorway and Centenary highway. Close proximity to existing rail stations at Runcorn and Altandi.Close